RE:Q2 2024 Results Billable hours trending lower in Quebec. No surprise there.
If you eliminate non recurring expenses, ebitda is running at ~ $4m per quarter or $16m + for the year.
Free cash flow yield very attractive relative to market cap.
Accounts receivables is coming down and debt is being paid off.
Overall I'm looking for stability in their most recent acquisitions. They are acquiring companies at very cheap valuations but it needs to be maintained.
Billable hours in Ontario is down ~ 17% through the first 2 quarters.
Billable hours in BC slightly lower on a "per day" basis relative to Q1 but not significant.